Aussie Hurt by China Slowdown

The Australian dollar fell to its lowest level in nearly three years as economic growth in China, a key trading partner of Australia, appears to be slowing.

Chinese Minister of Finance Lou Jiwei, at a U.S.-China summit in Washington on Thursday, said the government doesn't "think there is any big problem with [a growth rate of] 7% or 6.5%," a departure from China's official 7.5% growth target for 2013.